Pieter Totté, executive chairman of RGF, said: “The acquisition of Chantilly opens up a new channel for us, as they have already impressively established themselves as a supplier of quality products to the important and growing food service sector.

“We will continue to identify and complete bolt-on acquisitions as we seek to reach greater scale within our three pillar markets of cake decoration, food ingredients and in this case premium bakery. As we are clearly demonstrating, acquisitions will enhance our offering by targeting new sectors, product lines and geographies, as well as being earnings accretive.”

Last month, RGF warned profits for the year ended 31 March would not hit market expectations. The board said at the time that it was confident that the negative impact on margins was short-term and that RGF was well positioned for future growth following its investment programme.